Paxos to Stop Minting Stablecoin BUSD

posted 8 months ago
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens following the threat of legal action from the U.S. Securities and Exchange Commission (SEC).

It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security.
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